World meat industry news

All news / Investors changed their decision to invest $ 30 million in a meat processing plant in Kazakhstan

  • 21 Sep 2020, 10:14

According to information from the LS agency website with reference to Kazakh Invest, foreign investors have changed their decision to build a $ 30 million beef production and processing plant in the Kostanay region.

Foreign investors represented by the Canadian company Sure Good Foods and the Latvian holding Bridge have expressed their decision to refuse to build the plant after studying the market and the potential of the project. In particular, LS reports that the conducted market analysis revealed economic inexpediency in preliminary pre-project calculations and concentration of labor and financial resources.

The implementation of the project for the construction of a plant for the production and processing of beef worth $ 30 million was planned for 2020. The plant with a capacity of 15-20 thousand tons of finished products per year was supposed to have a full cycle of meat processing, including a feedlot, a place for slaughtering livestock, packaging, freezing and storage of products. Investors also considered the possibility of expanding production and creating factories for the processing of lamb and pork.

Meanwhile, in Kostanay, a meat processing complex worth 5.3 billion tenge and a capacity of 20 thousand tons of meat per year is being prepared for commissioning, which is planned to be sold both in the domestic market of Kazakhstan and in the countries of the Customs Union and Central Asia.